May Own Notes Sample Clauses

May Own Notes in its individual or another capacity, may become the owner or pledgee of Notes and may deal with the Depositor, the holder of the Residual Interest, the Servicer, the Administrator and the Indenture Trustee in banking transactions with the same rights as it would have if it were not the Owner Trustee.
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May Own Notes. Each of the Trustee, the Collateral Agent, the Note Paying Agent, the Certificate Paying Agent, the Note Registrar and the Certificate Registrar in its individual or any other capacity may become the owner or pledgee of Notes and may deal with the Depositors and the Administrator in banking or other transactions with the same rights as it would have if it were not acting in such capacity.
May Own Notes. The Seller, [_______________] and any Affiliate of either may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not the Seller or [_______________], as the case may be or an Affiliate of either, except as expressly provided herein or in any other Basic Document.

Related to May Own Notes

  • Depositor May Own Notes The Depositor and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not the Depositor or an Affiliate thereof, except as expressly provided herein or in any Basic Document.

  • Servicer May Own Notes The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of Notes with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise expressly provided herein or in the other Transaction Documents. Except as set forth herein or in the other Transaction Documents, Notes so owned by or pledged to the Servicer or such Affiliate will have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority or distinction as among all of the Notes.

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